Auditing Services

Village of Shorewood

The buyer is requesting proposals from certified public accountants to audit its financial statements. The audit will cover fiscal years 2024-2026, with an option to extend to 2027-2028. The buyer requires audits to be performed in accordance with generally accepted auditing standards. The scope includes auditing all Village funds, accounts, capital assets, and long-term debt activities. The buyer also requests a separate fee estimate for annual TID compliance audits.

• 1/9/2025 - RFP issued
• 1/17/2025 - Deadline for proposal questions
• 1/21/2025 - Proposal question responses emailed
• 1/31/2025 - Proposal Due Date
• 2/7/2025 - Firms notified of interview
• 2/11/2025 - Interviews
• 2/17/2025 - Recommendation on vendor
• 3/3/2025 - Village Board approval of contract

• Audit financial statements for fiscal years 2024-2026, with option to extend to 2027-2028
• Express opinion on fair presentation of basic financial statements
• Provide 'in-relation-to' opinion on combining and individual fund financial statements
• Print and provide 10 final copies of audit and management letter
• Present financial statements and management letter to Village Board
• Assist with required disclosures for GASB 68, 75, 87 and forthcoming standards
• Perform TID compliance audits (as separate fee)